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Dec 25, 2012
12/12
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president barack obama has set a january deadline for proposals to deal with the gun violence. the u.s. has seen several shooting rampages this year, including the newtown school shooting which left 26 people dead. >>> international peace envoy brahimi sat down with talks with syria's president bashar assad. they tried to reach a conclusion on the syrian war, but there is no indication they reached a breakthrough. they met in the capital damascus. they discussed the crisis and moving forward. they planned to set up an administration with government and anti-government forces. he plans to pull power from the assad administration to a new government. but the opposition wants to overthrow the assad administration and the government regards the opposition as terrorist. >>> two insider attacks in afghanistan have rattled the international security forces. an afghan policewoman shot and killed a u.s. contractor in the capital kabul. the victim was a security consultant for the police. other officers detained the woman at the scene. her motive is unknown. another afghan police officer
president barack obama has set a january deadline for proposals to deal with the gun violence. the u.s. has seen several shooting rampages this year, including the newtown school shooting which left 26 people dead. >>> international peace envoy brahimi sat down with talks with syria's president bashar assad. they tried to reach a conclusion on the syrian war, but there is no indication they reached a breakthrough. they met in the capital damascus. they discussed the crisis and moving...
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Dec 27, 2012
12/12
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FOXNEWSW
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president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together a
president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf...
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Dec 27, 2012
12/12
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WBAL
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daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain involving tax reform entitlement changes in a matter of days. >> even starbucks is getting involved, right in "come together" on its cups. speaker john boehner is sitting the route out after failing to get house republicans to support his own plan. >> i think john boehner is being controlled, unfortunately, by the right wing. >> that leaves it up to majority leader harry ring in the red -- harry reid in the rest of the senate to find a solution. harry reid's plan will avoid tax creases for -- tax increases for people making too large and $50,000. >> you will see a two-step process here, one with the media dynamic so you can set up a situation where you can deal with a larger situation. >> without a deal, bush-era tax cuts will expire january 1 and spending cuts will set in. counters -- congress has set a deadline but so far th
daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain involving tax reform entitlement changes in a matter of days. >> even starbucks is getting involved, right in "come together" on its cups. speaker john boehner is sitting the route out after failing to get...
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for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their anger and sorrow while demanding extreme measures to keep the streets safe. japan's newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing up. tech to suit be inspected the complex and admitted that dealing with the fallout is an unprecedented challenge the previous democrat government plan to scrap the use of nuclear power but i bet is liberal party is preparing to reverse that decision. well it's been a turbulent year for russian politics with putin's come back to the kremlin met with opposition rallies last pussy riots
for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their anger...
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Dec 26, 2012
12/12
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FOXNEWSW
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president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together a
president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf...
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Dec 27, 2012
12/12
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FOXNEWSW
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there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no ind
there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time...
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Dec 29, 2012
12/12
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CNNW
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president obama is modestly optimistic. our chief white house correspondent jessica yellin has more on what needs to happen in order to make a deal. >> reporter: alison, christi, hi. the good news is things could have been worse. it doesn't seem to those of us watching from the sidelines as though time is running out, but congress does some of its best or at least its speediest work when the nation's back is against the wall. after a rare oval office meeting with top congressional leaders, the president said he's modestly optimistic a deal can come together. emphasis on "modestly." >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: both sides left an agreement, at least over their next step. >> we'll be, would go hard to try to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people aren't going to like it. some will like it less, but that's where we are. >> reporter: on saturday
president obama is modestly optimistic. our chief white house correspondent jessica yellin has more on what needs to happen in order to make a deal. >> reporter: alison, christi, hi. the good news is things could have been worse. it doesn't seem to those of us watching from the sidelines as though time is running out, but congress does some of its best or at least its speediest work when the nation's back is against the wall. after a rare oval office meeting with top congressional...
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Dec 25, 2012
12/12
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KCSMMHZ
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president barack obama has set a january deadline for proposals to deal with the gun violence. the u.s. has seen several shooting rampages this year, including the newtown school shooting which left 26 people dead. >>> international peace envoy brahimi sat down with talks with syria's president bashar assad. they tried to reach a conclusion on the syrian war, but there is no indication they reached a breakthrough. they met in the capital damascus. they discussed the crisis and moving forward. they planned to set up an administration with government and anti-government forces. he plans to pull power from the assad administration to a new government. but the opposition wants to overthrow the assad administration and the government regards the opposition as terrorist. >>> two insider attacks in afghanistan have rattled the international security forces. an afghan policewoman shot and killed a u.s. contractor in the capital kabul. the victim was a security consultant for the police. other officers detained the woman at the scene. her motive is unknown. another afghan police officer
president barack obama has set a january deadline for proposals to deal with the gun violence. the u.s. has seen several shooting rampages this year, including the newtown school shooting which left 26 people dead. >>> international peace envoy brahimi sat down with talks with syria's president bashar assad. they tried to reach a conclusion on the syrian war, but there is no indication they reached a breakthrough. they met in the capital damascus. they discussed the crisis and moving...
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Dec 27, 2012
12/12
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CNNW
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president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the legislation. so our u
president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in...
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the so-called fiscal cliff again produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in all spittal if convicted all could face the death penalty but case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger well demanding extreme measures to keep the streets safe. and it's coming up to twenty five minutes past nine at night moscow time or to recap our main news story four people have been killed after a plane crashed into the side of one of moscow's main highways earlier on the sea evening four others were injured all of them are in a serious
the so-called fiscal cliff again produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with...
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Dec 27, 2012
12/12
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WMAR
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hammer out a deal with republicans to avoid sending the economy over the fiscal cliff. charlie's at the live desk right now this morning with more on the battle ahead for both sides of the debate. charlie the 11th hour. >> the future, the immediate future of our taxes hang in the balance. the president and house republicans are now set to square off once more to cut a deal. with just five days remaining before the tax hikes and departmental cuts take effect. before christmas house republicans failed to pass the alternate plan instead placing the responsibility on president obama and senate democrats' shoulder. according to the "washington post" gop leaders vowed to go into session to vote on anything the democratic controlled senate approved. however speaker john boehner demanded the senate first take a look at the bill the house moved through a month ago that preserved the expiring tax cuts for the wealthy as well as the middle class. that's not likely given the president's position on raising taxes for those making more than $250,000 a year. >> i want us to not go ove
hammer out a deal with republicans to avoid sending the economy over the fiscal cliff. charlie's at the live desk right now this morning with more on the battle ahead for both sides of the debate. charlie the 11th hour. >> the future, the immediate future of our taxes hang in the balance. the president and house republicans are now set to square off once more to cut a deal. with just five days remaining before the tax hikes and departmental cuts take effect. before christmas house...
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the so-called fiscal cliff again produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the terminal station in the southern pakistani city of karachi while an investigation is under way police believe that a terror attack or a gas cylinder explosion might be the cause of the blast the city has seen numerous militant attacks over the past decade and has been plagued by violence. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in a hospital if convicted all could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in pa
the so-called fiscal cliff again produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after...
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Jan 1, 2013
01/13
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FOXNEWSW
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president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the campaigning, the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a very delicate time in the negotiations. i would think democrats would be embarrassed at what the president did. >> after months of the president promising a balanced approach, there are only tax hikes for the rich without any new spending cuts. and today he hinted at even more tax hikes ahead. warning republicans future deficit reduction will not come f
president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the...
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Dec 26, 2012
12/12
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FOXNEWSW
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they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and the republicans were talking about it, th
they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the...
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Dec 28, 2012
12/12
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FOXNEWSW
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mcconnell is a master deal maker. 2010 he fashioned a deal with obama after the mid-term election that extended tax cut two years and brought us where we are today. he is so good if you gave him a weekend and he were in charge he would sol tv syrian civil war. he and read will come up with the package. raising the limit to pay higher taxes. it has to be kept simple. boehner will have two choices. if he refuses to allow a vote and president was hard on him in the statement he made a half hour ago, he will be the scapegoat. option that he will exercise if he thought the deal was awful. he will likely have open vote so caucus don't have to vote one way or another. you will get 180 diems and you only need 25 or so republica republicans. then after january 1 you get around the cliff and he has a stronger position. debt ceiling is approaching. >> do you think republicans would vote against tax cut for 98% of americans? they are only going to get 20 republicans voting in >> the reason the republicans oppose it all the way along there is no commensurate spending. nothing on entitlement. it's o
mcconnell is a master deal maker. 2010 he fashioned a deal with obama after the mid-term election that extended tax cut two years and brought us where we are today. he is so good if you gave him a weekend and he were in charge he would sol tv syrian civil war. he and read will come up with the package. raising the limit to pay higher taxes. it has to be kept simple. boehner will have two choices. if he refuses to allow a vote and president was hard on him in the statement he made a half hour...
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Dec 28, 2012
12/12
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KCSM
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president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negoti
president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >>...
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with painful austerity extreme weather had itself felt and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com and so.
with painful austerity extreme weather had itself felt and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com and so.
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Dec 27, 2012
12/12
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FOXNEWSW
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president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of representatives is operating without the house of representative. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house represents to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. >> even if democrats and republicans, their leadership and the president, were to strike a deal on the fiscal cliff, it will take a couple days for the senate to work through it, the house to work through it and right now we're only five days out before the billions of dolla
president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of representatives is operating without the house of representative. it's being operated with a dictatorship of the...
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Dec 29, 2012
12/12
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KOFY
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>>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared. they are all waiting for the word from congress. like the rest of us. 7 news. >> and we wait. warning tonight from pg&e. utility is sending out tweet right now warning people that a man with hispanic accent is calling senior citizens and ease telling them the se
>>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason...
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Dec 27, 2012
12/12
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WBAL
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danielle leigh has more. >> as president obama leaves hawaii for washington, tension on capitol hill is on high. >> i don't see how you could handle a large plant involving tax reform in a matter of days. >> serious doubt is setting in. even starbucks is getting involved. john boehner said he is sitting this round out. >> i think that john boehner is being controlled unfortunately by the right wing pickwick that leaves it up to harry reid and the rest of the senate to find a solution. the plan would avoid tax increases and would eliminate some big spending cuts and restore unemployment benefits. >> you are likely to see a two- step process. >> without a deal, bush era tax cuts will expire on january 1. congress set up the deadline hoping it would force a compromise. so far that has a compromise in. also flyback will be brian schatz. he will be replacing daniel inouye and will likely be sworn in later today. danielle leigh, wbal-tv 11 news. >> with the new year comes new state laws. >> kim dacey has more on what to expect. >> on tuesday, a dozen new state laws will go into effect. som
danielle leigh has more. >> as president obama leaves hawaii for washington, tension on capitol hill is on high. >> i don't see how you could handle a large plant involving tax reform in a matter of days. >> serious doubt is setting in. even starbucks is getting involved. john boehner said he is sitting this round out. >> i think that john boehner is being controlled unfortunately by the right wing pickwick that leaves it up to harry reid and the rest of the senate to...
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Dec 30, 2012
12/12
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CNNW
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, but still no deal and the deadline is three days away. >>> george h. w. bush, out of intensive care and in a regular room at a houston hospital. the 88-year-old has been in the hospital for more than a month, he was admitted for bronchitis and has been battling a fever lately. mr. bush is said to be in good spirits singing with doctors and nurses. he got a phone call from the oakridge boys who sang "amazing grace." >>> in syria, an alarming number of people died outside the city of homs, syrian forces won a battle for control there and people were executed. in all, across the country, more than 380 people were killed today in fighting, bombings and air strikes. >>> a russian airliner slid off of a run way and smashed into a highway outside of moscow today, 4 of the 8 crew members were killed as the plane splintered into three pieces no passengers on board and no one on the highway was injured. the jet, about as big as a 757 was run by the russian airliner, red wings and was landing when it over shot the run way. >>> we are just getting information abou
, but still no deal and the deadline is three days away. >>> george h. w. bush, out of intensive care and in a regular room at a houston hospital. the 88-year-old has been in the hospital for more than a month, he was admitted for bronchitis and has been battling a fever lately. mr. bush is said to be in good spirits singing with doctors and nurses. he got a phone call from the oakridge boys who sang "amazing grace." >>> in syria, an alarming number of people died...
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Dec 24, 2012
12/12
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KPIX
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even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christm
even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax...
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Dec 27, 2012
12/12
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so the deal could come at any time. if you want to be optimistic i think republicans are realizing how much leverage they have with the sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about t
so the deal could come at any time. if you want to be optimistic i think republicans are realizing how much leverage they have with the sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very...
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Dec 28, 2012
12/12
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WBAL
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. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. d
. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >>...
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Dec 27, 2012
12/12
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. >> brand new video of president obama visiting fires one and leaving hawaii with five days until we fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to tell the president and lawmakers here they need to come up with some kind of agreement before they go over the fiscal cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president o
. >> brand new video of president obama visiting fires one and leaving hawaii with five days until we fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee...
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tomorrow first day this week about this but a lot of talk about it for a long time and how much of a deal is it really it could be huge deal could lead to the u.s. g.d.p. going down three percentage points could go down back into recession and for the biggest economy in the world that means trouble for everyone else big question is can they get it sorted in time or what we're talking about like that i guess exactly in a couple of minutes. i got. in this remote siberians in which people still sing the songs which russians sang in the middle ages and they cherish the nation rituals practiced by the will set up church before the seventeenth century the old believers here is sign the area our conservative community here known as the simi skia a word which refers to family. of god believe me there yet i feel. that i now am the first athlete that. people here are happy to show their way of life to tourists and teach them how to dance in the local star. the ease of prayer and the bell and the girl needs to watch her legs don't go up too much during the dance she must be a model stick at. a. seve
tomorrow first day this week about this but a lot of talk about it for a long time and how much of a deal is it really it could be huge deal could lead to the u.s. g.d.p. going down three percentage points could go down back into recession and for the biggest economy in the world that means trouble for everyone else big question is can they get it sorted in time or what we're talking about like that i guess exactly in a couple of minutes. i got. in this remote siberians in which people still...
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Dec 28, 2012
12/12
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WBAL
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danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same situation we have been in for a long time here. we can't negotiate with ourselves. >> house members were not even planning. there are still home. they will come back this s
danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of...
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Dec 27, 2012
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to deal with the fiscal cliff issues. air force one touched down a short while ago at andrews air force base in maryland. we're learning now the president has resumed talking with congressional leaders about trying to solve this crisis that lies just a few days ahead. molly henneberg keeping an eye on that live from the white house. molly? >> reporter: hi, jon, yes. president obama spoke to the top republican and the top democrat in both the house and the senate when he was in hawaii before flying back here to washington. still no negotiation sessions have been set, at least not publicly, not formally. the president cut short his vacation, he left his wife and daughters there in hawaii and flew back here to washington to be here at the white house for any last minute meetings on the fiscalcliff. the vice president is scheduled to be here at the white house for meetings as well. over in congress the senate is in session, the first time either the house or senate has been in session for legislative business between christma
to deal with the fiscal cliff issues. air force one touched down a short while ago at andrews air force base in maryland. we're learning now the president has resumed talking with congressional leaders about trying to solve this crisis that lies just a few days ahead. molly henneberg keeping an eye on that live from the white house. molly? >> reporter: hi, jon, yes. president obama spoke to the top republican and the top democrat in both the house and the senate when he was in hawaii...
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Dec 30, 2012
12/12
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FOXNEWSW
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they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although that obviously would have a much better chance of passing congress if it gets some republican behind it. >> juliet: you're going to have lindsey graham on the show. i think it was lindsay graham the other day who said you call these public-- you announce the meetings publicly it's usually political theater. what is your assessment what's happened over the last couple of days? are we really seeing any real action going on behind the scenes in your opinion? >> well, absolutely. i mean, there's no question, and i think it's much more in terms of the staf
they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although...
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the so-called fiscal cliff again produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all could face the death penalty in the case sparked protest in new delhi if you're for it is resorting to banning mass gatherings in parts of the city people still joining to express their anger and sorrow and demanding extreme measures to keep the streets safe. the newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing a protective suit to be inspected the complex and admitted that dealing with a fall that is an unprecedented challenge the previous democrat led g
the so-called fiscal cliff again produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder...
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Dec 28, 2012
12/12
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MSNBCW
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barack obama is a bad word. they don't want any association with them. how much of that do you think is a real issue here and how do you strategize around that to sort of try to -- lift off this label of being intrasigient. >> from the gop side there are a lot of members in congress that say they do not want to support any kind of tax increase at this point. that prefer to go over the cliff and debate it in january. because they know it would harm them come midterm. but the -- fact of the matter is that -- every conservative in washington understands that we don't have a taxing problem. we have a spending problem. while this issue of viding the fiscal cliff getting past this is not going to be an easy issue to fix. but it is not complicated. we cannot continue to overspend more than we take in. so we immediate to address the spending. more than anything i think the republicans are look agent what's not in their personal best interests but what's in the best interest of the country. and the way we avoid further debt and deficit is to cut spending. >> will
barack obama is a bad word. they don't want any association with them. how much of that do you think is a real issue here and how do you strategize around that to sort of try to -- lift off this label of being intrasigient. >> from the gop side there are a lot of members in congress that say they do not want to support any kind of tax increase at this point. that prefer to go over the cliff and debate it in january. because they know it would harm them come midterm. but the -- fact of the...
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Dec 28, 2012
12/12
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FOXNEWSW
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if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks like we'll be going over the cliff. the closer we get to the end, the less likely it is you're going to be able to compress an agreement int
if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big...
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Dec 27, 2012
12/12
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CNBC
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especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, thre
especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid...
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Dec 28, 2012
12/12
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KPIX
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if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but
if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that...
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Dec 29, 2012
12/12
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because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until tomorrow, but it's both chris and luke that said in the segment before mine, there is a sense that what might have been optimism yesterday does not exist today. of course, that is what always goes on when you have negotiations. we will see what happens tomorrow. tomorrow will be a very big day. >> the optimism seems to be waning. what does john boehner do if mitch mcconnell and harry reed come to an agreement? >> that is the question if something is done on the senate side, craig, there's been the talk about house republicans as in any majority, you end up bringing the majority of the legislati
because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until...
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Dec 28, 2012
12/12
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CNNW
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so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles. details of a shocking find in a gun buyback program. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth i
so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out....
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Dec 28, 2012
12/12
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looks like president obama and congressional leaders will try again tomorrow to steer us back from the fiscal cliff. more on what, if any, deal could be shaping up. >>> and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. >>> some breaking news. late word that president obama will meet tomorrow with congressional leaders for one more shot at keeping the country from going over the fiscal cliff. before we get the latest on that, though, let's clear one thing up. everyone talks about the cliff as if it's simply materialized from out of the blue. keeping them honest, that is just not so. the package of drastic budget cuts and tax increases that goy into effect tuesday morning are totally manmade, totally avoidable, and all sides know it. it's a kind of legislative dooms day machine written by the men and women who wor
looks like president obama and congressional leaders will try again tomorrow to steer us back from the fiscal cliff. more on what, if any, deal could be shaping up. >>> and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by...
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Dec 26, 2012
12/12
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FOXNEWSW
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. >>> first president obama cutting vacation short to deal with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. from the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed hen
. >>> first president obama cutting vacation short to deal with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again?...
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Dec 29, 2012
12/12
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WJLA
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president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding waves are threatening their foundations. two homes are so unstable the homeowners can't get inside to retrieve their belongings. >>> now, time to ginger and the weather. >> pittsburgh, getting more snow this morning. and they're about 27 of so getting up early this morning. some more cold air behind it. a
president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at...
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Dec 28, 2012
12/12
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CNNW
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the idea being to make it so painful not to cut a deal on taxes and spending that they would be forced to cut a deal on taxes and spending. except keeping them honest, they haven't done it. even though they knew the stakes, they knew the deadline, and both sides promised that this time things would be different. >> we need to return to fiscal responsibility. >> how is it that we're going to be able to do that? getting our fiscal house in order. >> the american people have spoken loudly. they want us to get our fiscal house in order. >> fiscal handcuffs on this congress that are sorely needed. >> washington is beginning to get its fiscal house in order. >> so they approve legislation that gave everyone nearly a year and a half to reach a long-term agreement on spending and taxes or face truly punishing consequences if they didn't. you'll remember at the time this was a really big deal. republicans had forced the issue by refusing to raise the debt ceiling without budget cuts. markets went haywire. congresswoman gabby giffords even returned to washington from rehab from her almost fatal
the idea being to make it so painful not to cut a deal on taxes and spending that they would be forced to cut a deal on taxes and spending. except keeping them honest, they haven't done it. even though they knew the stakes, they knew the deadline, and both sides promised that this time things would be different. >> we need to return to fiscal responsibility. >> how is it that we're going to be able to do that? getting our fiscal house in order. >> the american people have...
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Dec 28, 2012
12/12
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CNNW
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more on what, if any, deal could be shaping up. and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping yoreach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapsh
more on what, if any, deal could be shaping up. and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping yoreach your financial goals. could you hold on a second? it's your money. roll over...
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Dec 27, 2012
12/12
by
FBC
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as president obama returns to the nation's capital to try to find some sort of deal on the fiscal cliff. we are also getting late word that senate majority leader harry reid will hold a news conference at 3:00 p.m. eastern time. this all comes on the heels that senator reid may be said we are going over the fiscal cliff. stocks now every 15 minutes. the "wall street journal" out with some retailers to watch in 2013. nicole: let's start off with harry reid's comments that we may go over the fiscal cliff. as a result, we are seeing a lot of down arrows. there is a market that started off in the green and then read. that is the action that we are seeing. getting to the retailers, there are a lot of retailers that have had a lot of headlines and in many cases have been struggling. jcpenney would be one of them. down nearly 5% on the day. they have been a big loser. you had ron johnson come over from apple. the "wall street journal" talked about a few retailers. four of them, to be exact. including best buy. that would be another one. radioshack. and also sears. these are the four names we h
as president obama returns to the nation's capital to try to find some sort of deal on the fiscal cliff. we are also getting late word that senate majority leader harry reid will hold a news conference at 3:00 p.m. eastern time. this all comes on the heels that senator reid may be said we are going over the fiscal cliff. stocks now every 15 minutes. the "wall street journal" out with some retailers to watch in 2013. nicole: let's start off with harry reid's comments that we may go...
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Dec 27, 2012
12/12
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KQED
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season
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Dec 29, 2012
12/12
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KGO
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senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is all decked-out for the game this afternoon against the u.s. navy academy and arizona state. everyone's spirits are high and the game is bringing a boost for the local economy. >> many are here for
senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go...
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Dec 29, 2012
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and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> harris: if congress cannot work out a deal, tax hikes, spending cuts will take effect on tuesday of next week. president obama says he is willing to give congress a little time to come up with a compromise but his patience is limited well as is the rest of the country's. ed henry with the news live at the white house. ed, first, a dramatic meeting earlier today at the white house. and then this ultimatum from the president. >> that's right, harris. it was a dramatic exchange
and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the...